Residential Tenancies Bill: the campaign continues

REIV release 30 January 2019
Late last year the Andrews Government passed the Residential Tenancies Act. The new Act is the most comprehensive change to residential tenancies in 20 years.
It is a very complex piece of legislation. It is very important to remember that the Act has not come into effect yet. This means the Residential Tenancies Act 1997 remains the law.
The Government will be working with REIV and other stakeholders to develop a range of Regulations that sit alongside the...

Short-stay Accommodation Legislation Is Coming into Effect from 1 February 2019

Short-stay accommodation refers to apartments, houses and rooms rented like hotels and motels, through online providers. They can be booked for days or months.
Legislative changes affecting short-stay apartments
Changes to the Owners Corporations Act 2006 are being introduced to help prevent short-term accommodation apartment buildings being used to host unruly parties.
Under the reforms – to come into effect from Friday 1 February 2019 – owners corporations...

Melbourne’s median house price up five per cent in past 12 months

REIV Research September Quarter 2018 Median Prices
Despite sluggish auction clearance rates and rumblings of a depressed property market, the Real Estate Institute of Victoria’s latest data reveals that Melbourne’s median house price remains stable.
REIV President Robyn Waters said there was a 13.6 per cent increase in the value of homes sold on the private market and an 0.6 per cent increase in the value of those sold under the hammer over the past 12 months.
“We’ve...